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20130228
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CNBC 2
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CNBC
Feb 1, 2013 6:00am EST
to be covering jobs in the market. vince reinhart will be joining us. and what is a jobs friday without a little shot of rock and roll? kansas is celebrating 40 years in the music business. it has been a very changed scene over those 40 years. we have the founding member, drummer and band manager phil e. hart. andrew, obviously, we have it all today. we do, we do. it's great to see you, becky. joe mentioned stocks are off to a very strong start this year. if you believe in the january barometer, it's a great sign for the bulls. the theory satsdz that the s&p direction in january sets the tone for the next 11 months. the s&p ridesing more than 5% for this january. the transports, by the way, even stronger with a more than 9% gain. the nasdaq also positive, up 4%. here are a few stats of note that are worth thinking about. it was the best month for the dow industrial transports and s&p 500 since october 2011. the best january for the dow industrials since 1994. it's the strongest start to the year for transports since 1991 and the largest january returns for the s&p 500 since 1997. professor jerem
CNBC
Feb 7, 2013 7:00pm EST
to the non-partisan congressional budget office. they told us on tuesday this year they expect the economy to grow 1.4%. i don't think there's anybody listening to my voice on our financial news network of cnbc who likes that number, 1.4%. i suspect you don't like it either, larry. they said this fiscal contraction, including the sequester is cutting 1.5% off gdp growth, the difference between 1.4% and 2.9%. would you rather look at a 3.3 gdp growth in year? i would. that's what's upsetting people. >> the bigger question is, dan mitchell, do you buy the congressional budget office numbers? >> that's a conventional forecast. >> it may be a conventional forecast but it could also be wrong. dan mitchell, i want your professional opinion. we spent our heads off for the still luck package in 2009. this is still the worst economic recovery in the postwar period. dan, why not try limited government? or let me put it a different way, slightly less spending, is that good or bad for the economy? >> the congressional budget office is still wedded to the 1950s, 1960s style keynesian model. more govern
Search Results 0 to 1 of about 2